Operating Segments (Tables)

9 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Operating Results For The Company's Reportable Segments

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income and comprehensive income were as follows.

	Three Months Ended December 31,				Nine Months Ended December 31,
(in thousands of dollars)	2022		2021		2022		2021
SALES AND OTHER OPERATING REVENUES
Tobacco Operations	$	724,589	$	578,002	$	1,642,682	$	1,268,610
Ingredients Operations	70,450		74,642		233,163		188,018
Consolidated sales and other operating revenues	$	795,039	$	652,644	$	1,875,845	$	1,456,628
OPERATING INCOME
Tobacco Operations	$	77,104	$	69,796	$	119,010	$	105,599
Ingredients Operations	767		3,494		9,876		10,573
Segment operating income	77,871		73,290		128,886		116,172
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (1)	(345)		(2,084)		(208)		(5,056)
Restructuring and impairment costs (2)	—		(8,433)		—		(10,457)
Add: Other income (loss)(3)	—		—		—		2,532
Consolidated operating income	$	77,526	$	62,773	$	128,678	$	103,191

(1)Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.

(2)Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 4 for additional information.

(3)Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 12 for additional information.